Business News
Toray to Develop and Produce Automobile Parts Based on Carbon Fiber Reinforced Plastics in Europe
Friday 26. December 2008 - Equity Participation in a German advanced composites manufacturer
Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo; President: Sadayuki Sakakibara; hereinafter referred to as “Toray”) today announced that it has decided to establish a development and production base for carbon fiber reinforced plastics, or CFRP, in Europe in a move aimed at expanding its business in the automobile sector. Toray will make equity participation (investment ratio: 21%) in ACE Advanced Composite Engineering GmbH (headquarters: Immenstaad, Germany; hereinafter referred to as “ACE”), a German advanced composites manufacturer in December. By embarking on local development and production of CFRP in Europe, where CFRP adoption in the automobile field is far advanced, Toray aims to achieve significant expansion of its automobile-related CFRP business, which is expected to grow markedly in the future.
Established in 2001, ACE develops, produces and sells CFRP parts for high-end vehicles, trucks and other vehicles. The company possesses high elemental technologies including mold jig technology, machining technology as well as automobile CFRP parts design and forming technology. It has earned high praise from major European car manufacturers for its mold quality and other aspects.
CFRP-based auto parts have until now been produced using the existing pre-preg molding, which was time consuming and cost intensive, and the adoption is limited in a few super cars which market price are extremely high, and the production volumes are low. However, the threat of global warming has made further reductions in vehicle weight a pressing issue for automobile manufacturers, and this in turn has been boosting momentum for a full-fledged adoption of CFRP. With further innovations being sought in CFRP molding technologies to promote full-scale penetration into high-end cars, Resin Transfer Molding, or RTM, technology is emerging as the mainstream technology that can support production of auto parts with mid-level production volumes in the range of 10,000 vehicles per annum. The capital investment announced this time is aimed at integrating ACEs excellent technologies with Torays proprietary RTM technology, which has a proven track record in mass production, to upgrade the molding technology and shorten its development period, thereby leading to the early establishment of an innovative molding technology that can be fully adopted for automobile parts used in mass production models.
Toray has been actively allocating its management resources to expand its businesses targeted at the automobile and aircraft field, including the establishment of the “Automotive & Aircraft Center (A&A Center)” at its Nagoya Plant (Nagoya City, Aichi Prefecture), an integrated technological development base for the automobiles and aircraft field. At the A&A Center, the “Advanced Composite Center (ACC)” will open in April 2009, after the open of “Automotive Center (AMC)”, the automobile-related technology development center in last October. At the ACC, Toray plans to work on practical applications of “high cycle molding technology”, an advanced version of the RTM technology, and also aims to accelerate the development of the next generation composite materials based on thermoplastics resin targeting for uses in mass production vehicle in the future. In addition to the establishment of development structure in Japan, Toray positions ACE as the development basis of CFRP in Europe, and will promote global development of CFRP for automobile applications. Toray will accelerate widely promote the use of CFRP in the automobile field, and is planning to expand its business sales of CFRP for automobile applications to approximately 50 billion-yen around 2015.
Toray is currently promoting the “expansion of advanced materials in four major growth areas,” which is one of the basic strategies of its new mid-term business strategy Project Innovation TORAY 2010 (IT-2010). Toray aims to accelerate the process of transforming itself into a highly profitable corporate group by strengthening and expanding its advanced material business in the automobiles and aircraft field, one of its core business areas.
Corporate profile of ACE GmbH (as of the end of 2007)
Name: ACE Advanced Composites Engineering GmbH
Main businesses: Development of lightweight structures, focusing on advanced composites manufacturing services, from prototyping to series production, and general engineering services in the sectors of automotive, aircrafts and other applications.
Headquarters: Immenstaad, Germany
Established: January 2001
Capital: 70,000 (approximately 9 million yen)
Investment ratio: Toray 21%, others 79% (as the end of 2008)
Sales: 5,806,000 (approximately 750 million yen)